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Quarterly Financial Results, New Launches, Acquisitions, Appointments and Cost Saving Technologies - Research Report on NetApp, Eaton, Ametek, Fusion-io, and Acuity Brands


News provided by

Analysts' Corner

Aug 23, 2013, 08:00 ET

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NEW YORK, August 23, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting NetApp, Inc. (NASDAQ: NTAP), Eaton Corporation (NYSE: ETN), Ametek Inc. (NYSE: AME), Fusion-io, Inc. (NYSE: FIO), and Acuity Brands, Inc. (NYSE: AYI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

NetApp, Inc. Research Report

On August 14, 2013, NetApp, Inc. (NetApp) reported its Q1 FY 2014 financial results (period ended July 26, 2013). Total revenues for the quarter were $1.5 billion, up 5.0% YoY. GAAP net income totaled $81.6 million or $0.23 per diluted share, compared to $63.8 million or $0.17 per diluted share in Q1 FY 2013. Commenting on the results, Tom Georgens, President and CEO, said, "Despite an uneven macro environment, our branded business was strong, with 9% year-over-year growth. This is evidence of the tremendous value we are delivering to customers today and their confidence in our long-term strategy to enable them to navigate the future." The Company anticipates Q2 FY 2014 revenue to be in the range of $1,560 million to $1,660 million and GAAP EPS to be in the range of $0.41 to $0.46 per share. The Full Research Report on NetApp, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/797d_NTAP]

Eaton Corporation Research Report

On August 9, 2013, Eaton Corp. (Eaton) announced the launch of a new line of type CH and BR circuit breaker surge protective devices (SPD). The Company claims that CH and BR SPD are ideal for applications where there is a high risk of lightning strikes or poor power quality and is also well suited for homes with technologically advanced electronic equipment and appliances. "Eaton is dedicated to expanding the horizons of what is possible for home surge protection," said Lanson Relyea, Product Manager, Residential Breakers and Surge Protection, Eaton. "By combining a breaker with surge protection, the new CH and BR surge breakers improve effectiveness and response time, deliver greater protection and give homeowners added peace of mind." The Full Research Report on Eaton Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9d5a_ETN]

Ametek Inc. Research Report

On August 7, 2013, Ametek Inc. (Ametek) announced that it has acquired Controls Southeast, Inc. (CSI), a leading manufacturer of custom-engineered thermal solutions, from Industrial Growth Partners for approximately $160 million. Commenting on the acquisition, Frank S. Hermance, AMETEK Chairman and CEO said, "CSI is a great addition to AMETEK. Its products are highly differentiated and complementary to our Process & Analytical Instruments Division. CSI is an excellent fit with our Process Instruments and O'Brien businesses." The Company informed that CSI will be a part of its Electronic Instruments Group. The Full Research Report on Ametek Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7504_AME]

Fusion-io, Inc. Research Report

On August 5, 2013, Fusion-io Inc. (Fusion-io) announced that its board of Directors has appointed John F. Olsen as the Director of the Company, effective August 1, 2013. According to Fusion-io, Mr. Olsen is a seasoned board member with 30 years of experience in technology leadership and management consulting, and will serve on the Audit Committee and Nominating and Corporate Governance Committee of the Company's Board. "We are pleased to welcome John to the board of directors," said Shane Robison, Chairman and CEO of Fusion-io. "John's experience in steering technology companies through key stages of growth should add tremendous value to our business." The Full Research Report on Fusion-io, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4767_FIO]

Acuity Brands, Inc. Research Report

On August 14, 2013, Acuity Brands, Inc. (Acuity) announced that its LED lighting and Controls has been selected by Tampa General Medical Group for its new family care center in Brandon, Florida. According to the Company, the clinic features modern lighting technologies that reduce energy costs but still provide quality lightning for medical staff and patients. "The long life of the LEDs translates to less maintenance," said Jose Marotta, Tampa General Hospital Chief Electrical Engineer. "It helps keep everyone comfortable while saving the most amount of money." The Full Research Report on Acuity Brands, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5923_AYI]

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
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COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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